Greece Citizenship with Golden Visa Program
Greece is a well-known and beautiful country in Southern Europe, bordering the Ionian, the Mediterranean, and Aegean Seas. In the north, there are beautiful mountains and valleys with fir and pine forests, while in the south, there are oaks, olive, and cypress trees. Around 6000 breathtaking islands surround Greece, the majority of which are uninhabited. There are several breathtaking beaches and coastal cities with picture-perfect views. A temperate Mediterranean climate graces the stunning landscape, with colder temperatures in the southernmost areas. Greece is a highly developed country with excellent infrastructure and a variety of transportation options, enabling you to completely explore the vast country. Greece is brimming with history, with numerous ruins and sites from a long and illustrious ancient lineage that provides a feast for the eyes and minds of tourists. The wet, hospitable Greeks themselves, as well as the safe and delicious cuisine, are world-renowned for their arts and culture. Greece offers a world of experiences inside one border, from thrilling and busy metropolises to quiet, nostalgic hideaways.
Greece is a parliamentary representative democracy that is a member of the European Union and the Schengen States. The official language is Greek, with English, German, French, and Italian being the most widely spoken languages. While the European Union sets most of the general tax laws, Greece sets the VAT, which is a minimum of 24% with reduced rates for food and pharmaceuticals (13%), as well as tourism facilities (6.5 percent ). Personal income taxes are progressive, but there are no taxes on international income for citizens. With the Golden Visa Program, you will get instant permanent residency and access to all Schengen countries. In less than three months, the professionals at IRC will handle your permanent residency.
The Advantages of the Greece Golden Visa Program
- Greece is the only EU member state that offers permanent citizenship on the spot.
- If you retain your investment, you will renew your permanent residency every five years.
- The choice to apply for full citizenship after 7 years of residency
- The applicant, their children up to the age of 21, their spouse, and their parents are all given full residency.
- Both Schengen countries have visa-free travel.
- A simple application process with a variety of options is available.
- Dual Citizenship is not limited in any way.
- There is no requirement for a minimum level of participation.
What Does It Take to Become a Citizen?
Investing a large sum of money in Greece enables applicants to begin the application process for permanent residency. Real estate properties may be combined to meet the minimum investment requirement while still allowing other investors to participate. Applicants may apply for citizenship with the Greek Immigration Department after receiving a receipt for the purchased property or investment.
There are several investment opportunities available right now:
- A minimum investment of 250,000 EUR in residential or commercial real estate
- A minimum investment of 250,000 EUR in a hotel or tourist residence for a ten-year timeshare.
- A minimum of 400,000 EUR must be deposited into a Greek bank account for at least one year, with the option to renew.
- A minimum investment of 400,000 EUR in a Greek company, a minimum 3-year government bond, or bonds or shares in a Greek real estate investment company is required.
- A minimum investment of 800,000 EUR in trading government or corporate bonds is required.
The following are the current fees:
Government, due diligence, and Resident Card fees have been reduced to 8% of the total price of the investment. Real estate sales will be subject to a 3.09 percent real estate tax as well as variable closing costs.
Legal Requirements
- Applicants must be at least 18 years old and have medical insurance in Greece.
- Applicants must not be involved in a criminal case or be considered a security or reputational threat.
For More Information
Please do not hesitate to contact the IRC if you need any additional details. From the beginning to the end of the procedure, we provide technical assistance and maintain a safe transaction. If required, additional assistance in locating and purchasing real estate may be offered.